Querry on fema

CHANDAN KUMAR SINGH (COMPANY SECRETARY ) (49 Points)

03 October 2011

If a an educational institution recieves fees in foreign currency, what are the compliances to be done under FEMA?

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3 Replies

CA Sumiit B Nagpal (Business) (1077 Points)
Replied 04 October 2011

Originally posted by : CHANDAN KUMAR SINGH
	If a an educational institution recieves fees in foreign currency, what are the compliances to be done under FEMA?

same query sir

Ketan Ranade (Company Secretary) (64 Points)
Replied 09 October 2011

it ll be same as in case of remmittence.....have to intimate RBI within 30days.....

CA Sumiit B Nagpal (Business) (1077 Points)
Replied 09 October 2011

Originally posted by : ketan
	it ll be same as in case of remmittence.....have to intimate RBI within 30days.....

Can U tell the procedure of the same?

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